KUNDANMM profit drops 81% as operating margin slips to 0.64%
Revenue fell 72.06% QoQ, while costs declined more slowly and other income exceeded pre-tax profit.
Filed 12 Nov 2026, 20:51 IST · after market close · KUNDANMM (KUNDANMM)
Key takeaways
- Consolidated net profit fell 80.66% QoQ to Rs 5.2 cr as revenue declined 72.06%.
- Operating margin narrowed 2.33 percentage points to 0.64% because expenses declined 71.39%, less than revenue.
- Other income accounted for 119.76% of pre-tax profit, making the Rs 5.2 cr profit dependent on non-operating income.
Revenue contraction drove the quarterly drop
KUNDANMM's consolidated revenue change was -72.06% QoQ in Q2FY27, while net profit change was -80.66%. The results were filed after market close, so there is no reported market reaction yet.
Costs outpaced revenue and interest rose
Expenses declined 71.39% QoQ, less than the 72.06% fall in revenue, narrowing operating margin by 2.33 percentage points to 0.64%. Interest rose 40.68% even as revenue contracted, adding pressure below operating profit. The tax rate increased 5.76 percentage points to 21.58%, while other income was 119.76% of pre-tax profit.
Q2 reversed the previous margin improvement
Operating margin had risen from 0.99% in Q4FY26 to 2.97% in Q1FY27 before falling to 0.64% in Q2FY27. The latest quarter therefore reverses the Q1 improvement rather than extending a straight three-quarter decline.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹266 cr | ₹952 cr | -72.06% |
| Other income | ₹8 cr | ₹6 cr | +29.53% |
| Expenses | ₹264 cr | ₹924 cr | -71.39% |
| Operating profit | ₹2 cr | ₹28 cr | -93.99% |
| Operating margin (%) | 0.64% | 2.97% | — |
| Interest | ₹2 cr | ₹1 cr | +40.68% |
| Depreciation | ₹1 cr | ₹1 cr | +4.62% |
| Profit before tax | ₹7 cr | ₹32 cr | -79.24% |
| Tax | ₹1 cr | ₹5 cr | -71.68% |
| Net profit | ₹5 cr | ₹27 cr | -80.66% |
| EPS (₹) | ₹0.90 | ₹4.46 | -79.82% |
What to watch
- Whether operating margin recovers from 0.64% after the 2.33-percentage-point QoQ decline.
- Whether revenue's sequential change improves from -72.06%.
- Whether interest growth moderates from +40.68% QoQ.